TAG Oil (TSE:TAO) Stock Crosses Above 200 Day Moving Average of $0.00

TAG Oil Ltd (TSE:TAOGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.13. TAG Oil shares last traded at C$0.13, with a volume of 63,400 shares changing hands.

Analyst Ratings Changes

Separately, Echelon Wealth Partners set a C$1.10 price objective on shares of TAG Oil and gave the company a “speculative buy” rating in a research report on Tuesday.

Check Out Our Latest Report on TAO

TAG Oil Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 81.24 and a quick ratio of 81.14. The firm’s 50 day moving average price is C$0.13. The firm has a market cap of C$11.10 million and a price-to-earnings ratio of 1.86.

Insider Activity at TAG Oil

In other news, Director Abdel Fattah Badwi acquired 80,000 shares of TAG Oil stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of C$0.38 per share, for a total transaction of C$30,400.00. Over the last three months, insiders have acquired 91,500 shares of company stock worth $35,355.

TAG Oil Company Profile

(Get Free Report)

TAG Oil Ltd. engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. The company operates eight exploration and production permits in New Zealand; and an exploration and production permit in Australia. It holds interests in the Taranaki basin located in New Zealand; and a 100% interests in the Petroleum Lease 17 permit that covers 25,700 acres area located in the Surat Basin in Australia.

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